Osmond v Dalgety & Co Ltd - [1916] NZLR 568

Chattels Transfer — Mortgage of Stock — Covenant by Mortgagors for Sale of Wool through Mortgagee — Covenant for Lien on Wool — Covenant to pay Withdrawal Commission if Moneys repaid before "next ensuing Clip" delivered or secured to Mortgagee — Whether Covenant a Clog o the Bight to Redeem — Meaning of "next ensuing."